NYSE MKT: TGD • $0.48     TSX: TMM • $0.65     Gold: 1252.14

2007

Property Acquisition - Tequila Project, Jalisco, Mexico


June 19, 2007

Timmins Gold Corp. ("Timmins Gold") announces that it has entered into an agreement to acquire a 100% interest in the Tequila property located approximately 30 kms north of Tequila, Jalisco, Mexico. The Tequila property consists of 4 strategically located concessions covering approximately 564 hectares in the northern portion of the State of Jalisco approximately 1 ½ hours north of Timmins Gold's regional field office in Guadalajara. The project is located in a belt of rhyolitic breccias and was acquired to assess the high grade gold veins and the bulk tonnage potential of the breccias.

The main feature on the property is a large brecciated zone containing a system of narrow, high grade parallel and cross cutting veins. Small scale operations have been conducted on the property in the past and there are several underground workings and crosscuts providing access to the known veins. Recent mining activities report bonanza gold grades have been obtained from the veins system.

Timmins Gold is currently undertaking a program of sampling and mapping to both verify the tenure of certain high grade zones and examine the potential in the breccia zones. Preliminary estimates are that the breccia zones extend for at least 1km. The following table details the results of the recent sampling program conducted by Timmins Gold and a sampling program conducted in 2001 by the Comision de Fomento Minero (COFOMI):


Sample No.

By

Width
(m)

Au
g/t

Structure –Observations

G-1

Timmins Gold

3.00

2.0

Rhyolitic Breccia, Ox. SiO, Py

G-2

Timmins Gold

3.00

2.0

Rhyolitic Breccia, Ox. SiO, Py

G-3

Timmins Gold

2.00

4.0

Veta Grande Vein, inside mine

G-4

Timmins Gold

Process plant, Ore bin 3 Kg.

6.0

Veta Grande Vein

G-5

Timmins Gold

Process plant Ore bin 3 Kg.

8.0

Veta Grande Vein

G-6

Timmins Gold

4.0

15.0

Veta Grande Vein, mine

G-7

Timmins Gold

2.0

10.0

Veta Grande Vein, outcrop

G-8

Timmins Gold

0.40

182.0

Guadalupe Vein, mine

G-9

Timmins Gold

2.0

12

Guadalupe Vein, mine

G-10

Timmins Gold

2.00

2.0

Narrow vein in the entrance of the Grano de Oro mine

 

G-11

Timmins Gold

Stockpile in yard of Guadalupe mine

10.0

Guadalupe Vein

001

Timmins Gold

Stockpile in yard Guadalupe mine

24

Guadalupe Vein

001-TV

Timmins Gold

3.00

2

Rhyolitic Breccia, Oxidation zone

007-TV

Timmins Gold

3.00

2

Rhyolitic Breccia, Oxidation  zone

009-TE

Timmins Gold

3.00

1

Rhyolitic Breccia, Oxidation  zone

012-TE

Timmins Gold

3.00

1

Rhyolitic Breccia, Oxidation  zone

 

8

COFOMI

2.40

1.24

Outcrop, Veta Grande vein, host rock

9

COFOMI

2.40

11.82

Outcrop Veta Grande vein

10

COFOMI

1.50

11.85

Outcrop, Veta Grande vein

11

COFOMI

1.80

9.57

Veta Grande mine, hangingwall

12

COFOMI

2.20

13.53

Veta Grande footwall, inside the mine

13

COFOMI

0.70

2.70

Host rock of Veta Grande vein, Silicified rhyolitic breccias with limonites of pyrite

Sample No.

By

Width (m)

Au
g/t

Structure-Observations

1

COFOMI

0.10

200

Quartz veinlets in the footwall of the Grano de oro vein.

2

COFOMI

1.00

2.97

Rhyolites at the hangingwall of  the Grano de Oro vein

3

COFOMI

1.00

1.2

Rhyolitic tuffs at the hangingwall of the Grano de Oro vein


In order to exercise the option to acquire the property, Timmins Gold must pay a total of USD$2,000,000 over three years with a payment of USD$50,000 on receipt of Exchange acceptance, a further USD$350,000 in stages over the next 24 months and payments of USD$600,000 within 30 months and USD$1,000,000 within 36 months. Half of the final payment may be made, at the election of Timmins Gold, in shares of Timmins Gold at the market price at the time of the payment. The vendor will retain a 2% net smelter return interest, which may be purchased for a total of $1,000,000. The vendor is an arm's length party.

Timmins Gold has commenced systematic exploration along the length of the veins and breccias with a focus on the known veins.

The acquisition is subject to acceptance by the TSX Venture Exchange.

Qualified Person

Pursuant to National Instrument 43-101, Darcy Krohman, P.Geo., C.A,. Senior Vice-President and CFO of Timmins Gold Corp. is the Qualified Person (QP) responsible for the disclosure in this news release. Field work has been conducted by Timmins Gold Corp. employees and contractors.

For further information, contact:

Bruce Bragagnolo, LLB.
CEO
Vancouver, B.C. Canada
Tel: 604-638-8980
bruce@timminsgold.com

Darcy Krohman, P.Geo., C.A.
Vice-President & CFO
Vancouver, BC, Canada
Tel: 604-638-8971
darcy@timminsgold.com

For Investor Relations, contact:

Leighton Bocking
Corporate Development
Vancouver, BC, Canada
Tel: 604-638-8977
Leighton@timminsgold.com


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. Forward looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans, "anticipates", believes", "estimates", "predicts", "potential", or "continue or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect out current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law the Company does not intend to update any forward-looking statements to conform these statements to actual results.